Amit Kanwar Jindal’s Post

India is set to add 3,37,900 MW of power capacity by 2032, which will increase its existing capacity. India has made significant growth in this sector in the last decade. This growth will come from a mix of thermal, hydroelectric, nuclear and renewable energy sources. Total generation capacity to increase by 79.5% from 248,554 MW in March 2014 to 446,190 MW in June 2024. Of the total anticipated capacity addition, there will be 80,000 MW thermal, 25,010 MW hydro, 14,300 MW nuclear and 50,760 MW pumped storage plant (PSP) capacity. Additionally, 510 MW of small hydro capacity is expected to be added by 2032, along with 143,980 MW of solar power and 23,340 MW of wind power. #power #thermalpower #india #renewableenergysources

Mish’s Daily: Electricity is a Secondary Source June 20, 2024 Original photograph On June 10, 1752, almost exactly 272 years ago, Ben Franklin helped prove that lightning is a form of electricity that could be harnessed. Fast forward to 2024, with electricity in high demand, we are looking at electricity as a secondary source of energy, derived from primary sources. These include: Coal: Although electricity isn’t directly mined from the ground like coal, coal-fired power plants play a significant role in electricity generation. Natural Gas: Natural gas power plants use combustion to produce electricity. Nuclear Fission Reactions: Nuclear power plants harness energy from nuclear reactions. Sunlight: Solar panels convert sunlight into electricity through photovoltaic cells. Wind: Wind turbines generate electricity from wind energy. Hydropower: Dams and water turbines convert the kinetic energy of flowing water into electrical power Additionally, the distribution of electricity involves materials like copper, which is commonly used for electrical wiring due to its excellent conductivity. Other metals such as silver, gold, tungsten, and aluminum are also used in electrical systems And, with the advent of electric vehicles and renewable energy systems, electrification doesn’t happen without copper, the heartbeat of the global energy economy. AI and data centers consume a significant amount of electricity. It stands currently at about 2% of the world’s electricity demand with expectations to rise to 19% by 2028. Plus, renewable energy solutions in data centers have their own challenges. Cost, scalability, solar and wind weather reliance, reliable grid system and voltage stability. To read more.see chart/analysis: https://lnkd.in/gPrcG3HD

Wind and solar power are growing at the same speed as nuclear energy used to, and even faster than coal, gas, and hydro. 🌬️🌞 Renewables made up 30.3% of global electricity in 2023 (up from 29.4% in 2022), with solar and wind at 13.4%. Uzbekistan is killing it in the renewable game! They've inked deals for power plants totaling 12 GW with investors. For perspective, Uzbekistan's total power generation capacity is around 14.3 GW. By the end of 2024, they'll be adding over 3 GW more. In just three years, they've attracted over $2 billion in foreign investments for solar and wind. Meanwhile, Russia seems to be snoozing through this renewable energy revolution. 😴🚫 #RenewableEnergy #SolarPower #WindEnergy #GlobalTrends

The Amprion Market Report 2024 is now live! ✅ In our webinar, we presented the key developments we have seen in the German grid over the past year: ▶ The electricity mix has changed: Renewable electricity generation in Germany increased to 260 TWh and the last nuclear power plants were decommissioned. ▶ While overall electricity consumption dropped, imports increased, making Germany a net importer for the first time in 21 years. ▶ Electricity prices decreased, as did our congestion management costs. The latter by around 700 million €. ▶ For the first time, there is a Network Development Plan for a carbon-neutral energy sector in Germany. ▶ Our message to Brussels is clear: there is no transition without transmission! The completion of major grid expansion projects is a key for Europe's energy transition. Amprion and the other European TSOs are ready to accelerate grid expansion even further. Thanks to all 330 participants of our webinar. The report and all slides of the webinar are available here: https://lnkd.in/enD3CrZ8 Want to dive deeper into the details? Browse the report below 👇  #PowerGrid #ElectricityMarket #Renewables #EnergyTransition

The report is well written, concise, with many interesting facts. My recommendation is to have a look at it to see how the #electricity #market really works.

Amprion GmbH's annual market report has just been published:  It highlights - falling wholesale prices,  - weak demand,  - the end of #nuclear power  - the increase in #renewableenergy,  - #Germany becoming a net importer of #electricity, And if you missed yesterday's webinar, the slides are also available with the report: https://lnkd.in/dR6cKUZx ps. it's no secret but a logical confirmation: expanding the grid and increasing #transmission capacity are essential for Europe's #energytransition!

Data Centers ⏫ Cryptocurrencies 💹 and AI 🤖 are increasing electricity demand on our power grid, and it is estimated that this demand increase more than 3.4% over the next 3 years. ➕ On the positive side, this increase is expected to be more than covered by renewables such as Solar 🌞 Hydro 🌊 and Nuclear Power 💡 Read More 👉 https://lnkd.in/grcZRSbT

Data Centers ⏫ Cryptocurrencies 💹 and AI 🤖 are increasing electricity demand on our power grid, and it is estimated that this demand increase more than 3.4% over the next 3 years. ➕ On the positive side, this increase is expected to be more than covered by renewables such as Solar 🌞 Hydro 🌊 and Nuclear Power 💡 Read More 👉 https://lnkd.in/gk2N3Rve

Global electricity demand is expected to grow at a faster rate over the next three years as the clean energy transition gathers speed, with all the additional demand forecast to be covered by technologies that produce low-emissions electricity, according to a new Electricity 2024 report from the International Energy Agency (IEA). "Record-setting electricity generation from low-emissions sources – comprising renewables, such as solar, wind and hydro, as well as nuclear power – should reduce the role of fossil fuels in providing power for homes and businesses. Low-emissions sources are expected to account for almost half of the world’s electricity generation by 2026, up from a share of just under 40% in 2023." "The report finds that the increase in electricity generation from renewables and nuclear appears to be pushing the power sector’s emissions into structural decline. Global emissions from electricity generation are expected to decrease by 2.4% in 2024, followed by smaller declines in 2025 and 2026." #IEAElectricity2024 #renewables #renewableenergy #energytransition IEA (2024), Electricity 2024, IEA, Paris https://lnkd.in/dQunv438, License: CC BY 4.0

In 2023, solar PV and wind comprised about 80% of global generation capacity additions (and 99% in Australia). This is compelling market-based evidence that solar PV and wind are the best options for new generation capacity. New solar capacity is being installed faster than anything else in history. Cumulative global installed solar capacity passed 1.4 Terawatts (TW) which is tenfold larger than ten years ago, and it is doubling every 3 years. Global solar capacity surpassed nuclear installed capacity in 2017; wind in 2022; and hydro in 2023. At current growth rates (20% per annum), solar will pass fossil gas in 2024 and coal in 2025. Current growth rates also suggest that solar will approach 9 TW in 2031, when there will be more solar generation capacity than everything else combined. Rapid growth of solar and wind generation capacity points to their future dominance of energy generation because growth in global electricity demand growth is effectively being met by solar and wind, not fossil or nuclear energy. This growth in electricity demand is caused by rising affluence, rising population, and “electrification of everything”. https://lnkd.in/gWH8UTP5